The investment round, which included Ledger, Tezos, Chiron and British Business Bank, brings the crypto payment enabler’s total funding to over $30 million. London-based Baanx, which runs the Ledger card product, recently signed a three-year partnership with Mastercard for the U.K. and Europe. Source
“The perp funding rates are exploding, while open interest keeps climbing, now at $14.4 billion,” Markus Thielen, founder of 10X Research, who predicted bitcoin’s rise to $57,000, said. “Traders are becoming increasingly confident that the halving and the ETF inflows will be bullish.” Source
PRESS RELEASE. HONG KONG —February 26, 2024 – QED, the world’s first zk-Native blockchain protocol, announced today it has raised $3 million in a funding round led by Arrington Capital with participation from several prominent venture capital firms and companies including Paper Ventures, Starkware Draper Dragon, Blockchain Builders Fund, Lbk Labs, Valhalla Capital, Edessa Capital […] Original
Startale Labs disclosed this week that it has garnered an additional $3.5 million in funding from UOB Venture Management. This latest seed funding round elevates the startup’s total investment to $7 million, which is earmarked for enhancing the firm’s Web3 offerings. Startale Labs Bags $3.5M Capital Injection From UOB Startale Labs, known for spearheading initiatives […] Source CryptoX Portal
“We’re hearing things like Citrea is better than Ethereum,” Chainway Labs co-founder Orkun Mahir Kılıç told CoinDesk. “It’ll be better with time, because there’s like $1 trillion, as of now, sitting in the Bitcoin blockchain. It is the most secure, battle-tested and decentralized blockchain. And we are bringing decentralized finance to it.” Original
The crypto venture funding market finished 2023 with a positive dynamic, as investors have seemingly started returning to crypto. The last quarter of 2023 saw $1.9 billion in venture capital (VC) funding for crypto-related companies, representing a 2.5% increase from Q3 2023, CNBC has learned, citing data provided by PitchBook. This figure marks the first uptick in VC investments in crypto startups since March 2022. Robert Le, a crypto analyst at PitchBook, highlighted a significant correlation between investments in private markets and the performance of public markets, adding that there…
Blockchain insurance startup MediConCen raised $6.85 million in funding led by HSBC to improve the sector by ‘simplifying and speeding up the claims journey.’ In a blog announcement, the Hong Kong-headquartered startup said other investors, including G&M Capital, ParticleX, and new investor Wings Capital Ventures, have also participated in the funding. With the latest cash inflow, MediConCen raised a total of $12.7 million, planning to put the proceeds to accelerate its growth in the international market, including the Middle East and Southeast Asia. MediConCen head William Yeung says the startup…
What Glif has done, according to Schwartz, is create a bridge between regular FIL holders who want yield and the storage providers who generate it. The holders loan their FIL into a pool that the providers borrow from, boosting their collateral and yield. Storage providers pay interest to the pool once a week. Source
“With the backing of industry leaders, this funding round marks a pivotal moment for Oobit, propelling us forward in our mission to allow a simple way to pay with digital assets anywhere.” Amram Adar, Oobit’s co-founder and CEO, said in a statement. Source
New York, United States, February 5th, 2024, Chainwire Merlin Chain, the native Bitcoin Layer2, announced a round of funding from 24 investors including OKX Ventures, ABCDE, Foresight Ventures and Arkstream Capital. Merlin Chain offers a native scaling solution that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. It is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1, to Make Bitcoin Fun Again. Merlin Chain is built by Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue…